ÖBB stretches to make €1bn with 10 year
Austria’s ÖBB Infrastruktur became the second issuer to attempt a euro benchmark after the FOMC plunged markets into turmoil last week. The deal reached full subscription with help from lead manager orders, but SSA bankers away from the deal claimed that it showed that the market wasn’t ready for a 10 year syndication just yet.
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